New crypto users warned about security risks beyond market volatility

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New crypto users are being warned that security risks in the crypto market outweigh market volatility. AiCoin reports that recent hardware wallet breaches demonstrate that self-custody is not foolproof. Users are advised to disable SMS verification, avoid phishing links, store recovery phrases offline, and remain cautious of upfront payment schemes. For less technical users, platforms with strong security are recommended over complex self-custody solutions.

As market enthusiasm grows, a large number of new users are entering the crypto space. However, account security is often overlooked in favor of price movements. Recent hardware wallet security incidents serve as a reminder: hardware wallets and self-custody do not equate to absolute security. Vulnerabilities in private key generation, device firmware, or backup processes can all expose your assets to risk. For newcomers, we recommend starting with these four essential steps: 1️⃣ Disable SMS verification: Prioritize Google Authenticator (2FA) or hardware security keys to reduce the risk of SIM swap attacks. 2️⃣ Avoid clicking suspicious links: Be cautious of search ads, unsolicited emails, and direct messages on social media. Always access exchanges via official bookmarks or by manually typing the URL. 3️⃣ Never connect your recovery phrase to the internet: Do not take screenshots, upload to cloud storage, or send it via messaging apps—and never share it with anyone. 4️⃣ Beware of “pay first, get rewarded” scams: Official customer support will never ask for your recovery phrase or require you to send funds to claim an airdrop or reward. For users new to crypto with limited technical experience, it’s often safer to start with platforms that have robust security systems and enable strong passwords, 2FA, and withdrawal whitelists—rather than attempting complex self-custody solutions prematurely. 📌 You can learn about market trends gradually, but securing your assets must come first. Protect your principal—you need it to stay in the game. Risk Disclaimer: The views, conclusions, and recommendations in this content are for informational purposes only and do not constitute investment advice. The market carries risks; invest wisely.

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